Gaming Monitor Market Set to Surpass 27.4 Million Units by 2028

Get ready, gamers and tech enthusiasts, because the monitor market is about to level up! New insights from Omdia’s Desktop Monitor Intelligence Service reveal some exciting trends that are set to shake up the industry. Brace yourselves for high refresh rates, smart features, and a whole lot of growth.

Let’s start with the gaming monitor market, where things are about to get seriously fast. Omdia predicts that this segment, which includes monitors with refresh rates over 120 Hz, will see a whopping 9% year-on-year growth, reaching a staggering 24.7 million units by 2024. That’s a lot of pixels and a lot of immersive gaming experiences.

But that’s not all. The smart monitor market is also on the rise, with a projected 63% year-on-year growth to 1.2 million units in 2024. These smart monitors come equipped with operating systems and streaming service portals, blurring the lines between traditional desktop monitors and TVs. It’s like having a mini entertainment center right on your desk.

In the first quarter of 2024 alone, desktop monitor shipments hit 30.7 million units, marking a solid 5% increase compared to the previous year. Despite the challenges posed by the pandemic, the industry has shown remarkable resilience and has been steadily growing since the third quarter of 2023. It seems like we just can’t get enough of these screens.

So, what’s driving this growth? Well, it all comes down to added value and high functionality. Both gaming monitors and smart monitors offer unique features that enhance our user experience. Whether it’s the lightning-fast refresh rates of gaming monitors or the integrated operating systems of smart monitors, these devices are pushing the boundaries of what we expect from our screens.

According to Hidetoshi Himuro, Senior Principal Analyst at Omdia, monitors are following in the footsteps of TVs by becoming smarter and more versatile. The goal is to maximize the content they can handle and broaden the user experience, particularly in the gaming and smart monitor sectors. It’s all about giving us more bang for our buck.

When it comes to dominating the smart monitor market, Samsung and LGE from South Korea are currently leading the pack. Acer is also stirring up this space, and we can expect other brands from Taiwan, the US, and China to join the party soon. As for gaming monitors, there’s even potential for non-gaming monitors to join the high Refresh Rate club. That means we could see a whole new wave of monitors with mind-blowing refresh rates hitting the market.

Looking ahead, Omdia forecasts that the gaming monitor market will continue its upward trajectory, reaching 27.4 million units by 2028. The smart monitor market is also expected to grow, with a projected 2.1 million units by the same year, including demand from B2B applications. It’s safe to say that these screens are here to stay.

In 2024, the smart monitor market is set to hit 1.2 million units, thanks in large part to TV system-on-chip (SoC) technology. These integrated operating systems are what set smart monitors apart from their traditional counterparts. And when it comes to TV SoC vendors, MediaTek, Novatek, and Realtek are leading the charge. Together, they’re expected to capture a whopping 84% market share in 2024.

But it’s not just about the hardware and software. Himuro points out that there are separate issues in the smart monitor market depending on the vendor type. He anticipates that four operating systems – Tizen, WebOS, AOSP China, and Google – will become key players in 2024-25. And let’s not forget about the importance of Wi-Fi experience and new user interfaces, like remote control, in this ever-evolving market.

So, whether you’re a hardcore gamer or just someone who wants a little more intelligence in their monitor, it’s an exciting time to be in the market for a new screen. With high refresh rates and smart features becoming the norm, our desktops are about to get a serious upgrade. Get ready to level up your viewing experience!

Background Information

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About Acer:

Acer is a globally recognized technology brand known for its extensive range of products, including laptops, desktops, monitors, and electronic devices. With a focus on innovation and affordability, Acer caters to diverse consumer needs, providing reliable and high-performance solutions. From gaming enthusiasts to professionals, Acer's products span various segments, making it a significant player in the technology industry.

  

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About Google:

Google, founded by Larry Page and Sergey Brin in 1998, is a multinational technology company known for its internet-related services and products. Initially for its search engine, Google has since expanded into various domains including online advertising, cloud computing, software development, and hardware devices. With its innovative approach, Google has introduced influential products such as Google Search, Android OS, Google Maps, and Google Drive. The company's commitment to research and development has led to advancements in artificial intelligence and machine learning.

  

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About MediaTek:

MediaTek Inc. is a Taiwanese semiconductor company that designs and manufactures a wide range of system-on-chip (SoC) solutions for various consumer electronics, including smartphones, tablets, smart TVs, wearables, and IoT (Internet of Things) devices. Founded in 1997, MediaTek has become a important player in the semiconductor industry, known for its innovative chipsets that offer a balance of performance, power efficiency, and affordability.

  

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About Samsung:

Samsung, a South Korean multinational conglomerate, has established itself as a global leader in various industries, including electronics, technology, and more. Founded in 1938, Samsung's influence spans from smartphones and consumer electronics to semiconductors and home appliances. With a commitment to innovation, Samsung has contributed products like the Galaxy series of smartphones, QLED TVs, and SSDs that have revolutionized the way we live and work.

  

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Technology Explained

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Refresh Rate: The technology refresh rate is a measure of how often a computer system is updated with new hardware and software. It is an important factor in the computer industry, as it determines how quickly a system can be upgraded and how well it can handle new applications. The refresh rate is usually measured in years, and it is important for businesses to keep their systems up to date in order to remain competitive. A higher refresh rate means that the system can handle more applications and can be upgraded more quickly. This can be beneficial for businesses that need to keep up with the latest technology trends. Additionally, a higher refresh rate can help reduce the cost of maintaining a system, as newer hardware and software can be more efficient and cost-effective.

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SoC: A System-on-Chip (SoC) is a highly integrated semiconductor device that encapsulates various electronic components, including processors, memory, input/output interfaces, and often specialized hardware components, all on a single chip. SoCs are designed to provide a complete computing system or subsystem within a single chip package, offering enhanced performance, power efficiency, and compactness. They are commonly used in a wide range of devices, from smartphones and tablets to embedded systems and IoT devices, streamlining hardware complexity and facilitating efficient integration of multiple functions onto a single chip.

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